Financial Reforms in Modern China: A Frontbencher's Perspective

ISBN-13: 9781137503466 / Angielski / Twarda / 2015 / 249 str.

Guofeng Sun

Opis

Written by an experienced insider privy to the inner workings of China's vigorous financial reforms, this comprehensive book examines China's most important markets (money, bonds, foreign exchange, and stock) and the policies that regulate them. The author suggests future reforms and developments in the bond repo market, the interbank exchange market, and IPO procedure. Integrating over ten years of the author's first-hand research and experience, collected here for the first time in English, this book makes important conclusions about China's rationale in financial policy and how this important global player is dealing with the global financial crisis.

Recenzje

"The author has nearly twenty years of working experience in the Monetary Policy Department of the People's Bank of China. From the perspective of an insider closely involved in China's financial deepening and reform, he begins with the establishment and development of China's financial markets and explains comprehensively the theoretical basis, overall design, policy making and practice of China's financial reform with his in-depth deliberation and insight about the intrinsic logic of financial reform. This book is well worth reading for readers who wish to understand the financial reform and financial market development in China." - Qian Yingyi, Tsinghua University, China

'China's economic and financial reforms carry useful lessons and innovative ideas for economic development. Sun Guofeng is unusually suited to offer insight on these topics because he both has been actively participated in creating and perfecting an inter-bank bond market and a progressively more market determined exchange rate system as a senior central bank official and has been an active and thoughtful research on these and related topics. Both researchers and practitioners will benefit from reading this very informative book.' - Shang-Jin Wei, Chief Economist, Asian Development Bank

O autorze

Sun Guofeng is the Deputy Director General of the People's Bank of China's Monetary Policy Department.